Franchise Financing Services
Franchisees Waiting For Funding Are Not Paying Royalties
A franchisor's most valuable assets are its franchisees, and selling franchises is the only way to increase that asset base. Any impediment to closing a sale is a barrier in your path to higher income. One of the most aggravating and time-consuming exercises in this process is a reluctant or slow-moving lender, or equally slow franchisee.
Every franchising company needs a knowledgeable, experienced and dependable executive to speed up the application process and to produce the kind of loan package that will appeal to a variety of lenders. But, as in other areas where we encourage a franchisor to work "leaner and meaner" by outsourcing tasks whenever possible instead of increasing overhead by hiring, our suggestion is for you to make use of Franchise Growth Partners to relieve this burden from your shoulders. Let us carry the load, as your strategic partner, to bring your new franchisee through the application, business plan and lending process with as little wasted time as possible. And, with no wasted expense. We will show you how much you will save in employee training, salaries and other costs, by letting the experts handle these matters quickly and professionally.
The greatest additiion to your bottom line may be the increase in closed loans that put your franchisees in royalty-paying operation. No one is generating income waiting for unfinished paperwork to close a loan. In addition, sales personnel can spend more time on
selling , instead of babysitting paperwork.
Franchisee’s Opening Safely Under Budget!
Traditionally, 90% percent of franchisees invest more than they intended when opening their business. This means they are already undercapitalized by the initial expenses. Unwise decisions and unforeseen factors can seriously affect the start-up costs. This requires an amount of training, supervision and control in assisting new franchisees in opening their new business. FGP will advise you, and will train your Franchise Sales Executives on how to provide franchisees with pre and post-sales guidance on the key decisions that relate to the funding process, and to the actual allocation of expenditures in the opening (i.e., knowing when leasing is preferable to purchase, to increase the supply of initial working capital).
While working with you, your sales force, and the franchisee, we will also be demonstrating:
1. How to obtain the least expensive capital.
2. What are the best available tax advantages.
3. Obtaining a loan with the least amount of securitization and collateral.
4. The many ways to protect initial working capital.
5. How to uncover each franchisee's Unique Composition of Net Worth: Savings, Checking, Securities, CD’s, Primary and
Secondary Home Equity, Life Insurance, 401K, IRA’s and other usable assets that may be effectively combined to open their business. By learning these factors, that only experience can teach, your Franchise Sales Executives won't miss opportunities to offer more effective funding scenarios to lenders, which means more franchisees will be approved.
FGP: Franchise Financing Services
Our funding division will regularly and timely interface with your Franchise Sales Executives about each active franchise loan package. This will ensure that your franchise candidate is NOT overlooked. We understand the fragile franchise sales cycle both emotionally and financially with all parties. We know what is expected and we promise to deliver each day in this process. If your franchise candidate can be financed…we will make it happen! We provide express funding in 10 areas.
- SBA Small business Loans (Non-SBA), Including Business Plans
- 7A SBA Business Loans
- 504 SBA Business Loans
- Unsecured Business Lines of Credit
- Working Capital Loans
- Accounts Receivable Line of Credit
- Purchase Order Financing
- Inventory Lines of Credit
- Minority Loan (Veterans/Women)
- Small/Large Ticket Equipment Lending and Leasing
Our Express Funding System has been proven and tested over a period of 2 decades. We have our own unique internal critical path and service flow chart, which will allow you as the CEO to monitor each day of the funding process.
Franchise Financing Training Programs
If you believe that the volume of sales and funding packages justifies handling these matters in-house, we are willing to train you and your staff in all of the above funding skills. We will provide you 10 case studies and role-play franchisee/consultation scenarios, which offer breakthrough strategies allowing more franchisees the ability to join your franchise family. Talk to us about this special serv ice.
If there are three franchise companies actively recruiting the same prospect - The company who wins is the one who gets the financing.
